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 Aston Kiara 3 Condominium - Thoughts?

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Zwean
post Jun 29 2020, 08:18 AM

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QUOTE(WahBiang @ Jun 29 2020, 04:55 AM)
Got this plan?? Else, the current access road is not my choice
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Whether it materialises is one thing, whether the JMB / MC has enough money to connect to the extension / getting approval is another matter.
WahBiang
post Jun 29 2020, 08:26 AM

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QUOTE(flight @ Jun 29 2020, 05:04 AM)
The existing developments beside it is already double the persqft price w/o the roads. Lol. Fully sold out somemore.

Got 2 roads, one through twy, another one coming from behind.
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You mean Richmond? Could it be due to aging? AK3 is 10yrs old vs 6 yrs old?

QUOTE(a16791 @ Jun 29 2020, 06:42 AM)
We can use another perspective to look at Aston kiara 3 . Just assume 0.30 psf for other condos in MK. Than if you buy into this condo roughly you are paying Rm 240 extra a month . Working backwards using Rm 240 and your loan tenure you can work out how much extra loan you could get . With this new loan quantum what are you able to get around mk ?
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True, but loan capped at 35 yrs but this 240 is forever and may increase due to higher outstanding? Make it 400 as safer consideration, maybe = 100k loan... But this project good? Tenants quality??

WahBiang
post Jun 29 2020, 08:28 AM

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QUOTE(Zwean @ Jun 29 2020, 08:18 AM)
Whether it materialises is one thing, whether the JMB / MC has enough money to connect to the extension / getting approval is another matter.
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Not by DBKL?? Haha
Zwean
post Jun 29 2020, 08:33 AM

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QUOTE(WahBiang @ Jun 29 2020, 08:28 AM)
Not by DBKL?? Haha
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DBKL will build the road, but the condos will need approval and the money to connect to it.
flight
post Jun 29 2020, 08:37 AM

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QUOTE(WahBiang @ Jun 29 2020, 08:26 AM)
You mean Richmond? Could it be due to aging? AK3 is 10yrs old vs 6 yrs old?
True, but loan capped at 35 yrs but this 240 is forever and may increase due to higher outstanding? Make it 400 as safer consideration, maybe = 100k loan... But this project good? Tenants quality??
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Was talking about ardena and inspirasi. The new launches give an indication of what the range should be i think.

The older units sell at a discount, but their still middle upper class condos, a 40 to 50% discount seems way too large.
a16791
post Jun 29 2020, 10:55 AM

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QUOTE(WahBiang @ Jun 29 2020, 08:26 AM)
True, but loan capped at 35 yrs but this 240 is forever and may increase due to higher outstanding? Make it 400 as safer consideration, maybe = 100k loan... But this project good? Tenants quality??
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Yes. Every Individual have different risk appetite and requirements. The loan period and maintenance amount are some variables where you can plug in to do your analysis . But as I have mention previously Aston Kiara 3 , Sophia & Hijauan are one of the few condos where its selling price always lower than others similar one and I suspect the main reason is the high maintenance fee.
flight
post Jun 29 2020, 11:50 AM

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QUOTE(a16791 @ Jun 29 2020, 10:55 AM)
Yes.  Every Individual have different risk appetite and requirements. The loan period and maintenance amount are some variables where you can plug in to do your analysis . But as I have mention previously Aston Kiara 3 , Sophia & Hijauan are one of the few condos where its selling price always lower than others similar one and I suspect the main reason is the high maintenance fee.
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Sophia and hijauan persqft is rm800. Aston is selling at rm400 persqft. On auction its closer to rm350. Ur comparison is inaccurate, aston is 50% cheaper than both those condos.

Which comes back to the original question, why is this condo selling at a 40 to 50% discount compared to others.
WahBiang
post Jun 29 2020, 01:09 PM

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QUOTE(Zwean @ Jun 29 2020, 08:33 AM)
DBKL will build the road, but the condos will need approval and the money to connect to it.
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Becos is another facing of the condo?? Sinking fund not enough to pay?
WahBiang
post Jun 29 2020, 01:09 PM

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QUOTE(flight @ Jun 29 2020, 08:37 AM)
Was talking about ardena and inspirasi. The new launches give an indication of what the range should be i think.

The older units sell at a discount, but their still middle upper class condos, a 40 to 50% discount seems way too large.
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I see, any indication of the reason? Location, tenant, age?
Zwean
post Jun 29 2020, 01:27 PM

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QUOTE(WahBiang @ Jun 29 2020, 01:09 PM)
Becos is another facing of the condo?? Sinking fund not enough to pay?
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DBKL won't fund private project geh.

New entrance could be in the millions.
flight
post Jun 29 2020, 01:31 PM

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QUOTE(WahBiang @ Jun 29 2020, 01:09 PM)
I see, any indication of the reason? Location, tenant, age?
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Maybe due to location, this condo and richmond was deep in the squatter area, wasnt mont kiara proper, also just weak hands initially.

Once the area stabilizes, ie: the current constructed condos r completed and the squatters are gone, i suspect prices will move up. Maybe not double, but it isnt hard to see it go to 450 or 500 per sqft in 5 years.

At rm500k, which was the last auction price, i suspect it will be a good bargain.
WahBiang
post Jun 29 2020, 01:34 PM

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QUOTE(Zwean @ Jun 29 2020, 01:27 PM)
DBKL won't fund private project geh.

New entrance could be in the millions.
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I see, so they might approve but money still need to be from some1 else.. Maybe the New projects nearby?

QUOTE(flight @ Jun 29 2020, 01:31 PM)
Maybe due to location, this condo and richmond was deep in the squatter area, wasnt mont kiara proper, also just weak hands initially.

Once the area stabilizes, ie: the current constructed condos r completed and the squatters are gone, i suspect prices will move up. Maybe not double, but it isnt hard to see it go to 450 or 500 per sqft in 5 years.

At rm500k, which was the last auction price, i suspect it will be a good bargain.
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I see, this area not really good now then.. But maybe buy n keep??

flight
post Jun 29 2020, 01:39 PM

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QUOTE(WahBiang @ Jun 29 2020, 01:34 PM)
I see, so they might approve but money still need to be from some1 else.. Maybe the New projects nearby?
I see, this area not really good now then.. But maybe buy n keep??
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If can rent out while bleeding cash a little for 5 years it ought to look good.
propertyowner
post Jun 29 2020, 01:45 PM

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QUOTE(WahBiang @ Jun 29 2020, 01:34 PM)
I see, so they might approve but money still need to be from some1 else.. Maybe the New projects nearby?
I see, this area not really good now then.. But maybe buy n keep??
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This location better than Eco Forest and Klebang, you should really buy this instead. Just make sure you can pay the high maintenance fees.
WahBiang
post Jun 29 2020, 01:53 PM

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QUOTE(flight @ Jun 29 2020, 01:39 PM)
If can rent out while bleeding cash a little for 5 years it ought to look good.
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Just the big IF, if it returned after 5 yrs
flight
post Jun 29 2020, 01:55 PM

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QUOTE(WahBiang @ Jun 29 2020, 01:53 PM)
Just the big IF, if it returned after 5 yrs
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Haha, this 1 i dunno, maybe u have a better idea of the rentability?
Zwean
post Jun 29 2020, 01:58 PM

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QUOTE(flight @ Jun 29 2020, 01:55 PM)
Haha, this 1 i dunno, maybe u have a better idea of the rentability?
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Location is good, just the access... a bit difficult.

If DBKL wants to connect to Jalan Duta Kiara, it has to be an elevated road.

Which is costly, and they may or may not entertain connection applications from Aston Kiara.

However if in the long run, can be connected to JK4 and if North Kiara starts having some commercial activity. May bring up the value.


flight
post Jun 29 2020, 02:08 PM

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QUOTE(Zwean @ Jun 29 2020, 01:58 PM)
Location is good, just the access... a bit difficult.

If DBKL wants to connect to Jalan Duta Kiara, it has to be an elevated road.

Which is costly, and they may or may not entertain connection applications from Aston Kiara.

However if in the long run, can be connected to JK4 and if North Kiara starts having some commercial activity. May bring up the value.
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At 350 to 400 per sqft, hard to go wrong. This condo located anywhere else would command a higher persqft. Subang, pj, pracrically everywhere else.

Mont kiara is probably the best of all those places. It looks like this place is turning into mont kiara. Which makes sense.
Zwean
post Jun 29 2020, 02:16 PM

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QUOTE(flight @ Jun 29 2020, 02:08 PM)
At 350 to 400 per sqft, hard to go wrong. This condo located anywhere else would command a higher persqft. Subang, pj, pracrically everywhere else.

Mont kiara is probably the best of all those places. It looks like this place is turning into mont kiara. Which makes sense.
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Not saying that it will go wrong, but maturity will take a while.

I don't see an issue if it is for own stay. But have to bear with the jam because of limited accessibility.
0saka9
post Jun 29 2020, 04:12 PM

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QUOTE(Zwean @ Jun 29 2020, 02:16 PM)
Not saying that it will go wrong, but maturity will take a while.

I don't see an issue if it is for own stay. But have to bear with the jam because of limited accessibility.
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Own stay will be Good as I’m already staying here. If you look for investment and quick gain, probably not In mont kiara. Or probably not even Should invest in property for now.

Anyway, the traffic not too bad though, traffic hardly stagnant not moving. Normally it take about 10-15mins to get out from MK.

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